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15/03/2019 12:49pm

As festival of Holi approaching, Indian markets flooded with Chinese products: Sadar Bazaar traders

image As festival of Holi approaching, Indian markets flooded with Chinese products: Sadar Bazaar traders

New Delhi, Mar 15 (KNN) With the Holi festival approaching, Indian markets are flooded with Chinese products as they are much cheaper as compared to those made by local manufacturers, said Federation of Sadar Bazar Trades Association.

Speaking with KNN India, President of Federation of Sadar Bazar Traders Association, Praveen Kumar said “A lot of retailers in India are selling Chinese products because they are cheaper compared to domestically manufactured products.”

He said there is a huge price differential between Chinese made items and those made by local manufacturers which affects domestic manufacturers badly.

Quoting the reason, Kumar pointed out that strict labor laws and regulations on domestic manufacturers is the biggest reason why Indian markets are highly dependable on Chinese products.

As Chinese products like water guns, wet and dry colours are ruling Indian markets, the Confederation of All India Traders (CAIT) has launched a nationwide campaign calling the traders across the country to boycott Chinese goods.

The CAIT has also declared that trade associations will burn Chinese goods on March 19, a day before Holi festival.

The traders’ body said that it will also rope in national organizations of transport, consumers, small industries, farmers, hawkers and other sections to make it the campaign successful.

CAIT has called the traders not to sell or buy Chinese goods and on the other hand will make their consumers aware about not to purchase Chinese goods.

“China’s export to India stands about 75 billion dollars per year and if this is brought down considerably by boycotting Chinese goods, it will certainly affect the economy of China since India is largest market for China over the globe,” added CAIT.

The CAIT has demanded the Government to levy custom duty from 300 to 500 per cent on import of Chinese goods to discourage imports from China. (KNN/YV)

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